SEC Rules and Regulations SEC Proposes Higher Net Worth Threshold for Qualified Clients under the Advisers Act SEC Staff Grants No-Action Relief under Section 206(3) of the Advisers Act ...

On May 23, 2016, the United States Court of Appeals for the Second Circuit reversed a $1.3 billion civil penalty imposed against Countrywide Home Loans, Inc., Bank of America, N.A., and r...

A recent case interprets and demonstrates the importance of the requirements in advance notice bylaws. The U.S. District Court in the Northern District of Texas granted a preliminary inju...

The Federal Reserve recently issued a proposed rule that would prohibit the U.S. G-SIBs and certain foreign G-SIBs from entering into new swaps, repurchase agreements and other qualified ...

The SEC has extended to July 4, 2016, as the deadline for taking action on NASDAQ’s proposal requiring its listed companies to disclose any third-party compensation payments related to ...

The SEC adopted Business Conduct Rules for security-based swap dealers on April 14, 2016.  The Business Conduct Rules address requirements analogous to those covered by the CFTC’s exter...

On May 17, the staff of the SEC’s Division of Corporation Finance released new and revised Compliance and Disclosure Interpretations (C&DIs) on the use of non-GAAP financial measures. C...

The Proxy Advisory Firm Reform Act, introduced by  Congressman Sean Duffy (R-Wisconsin), is on the agenda for a hearing on Tuesday by the House Financial Services Committee. Under the pro...

On Monday, May 2, 2016, the Federal Reserve and, on Friday, May 6, 2016, the SEC issued their versions of a reproposed rule to regulate incentive compensation at the financial institution...

When it first proposed disclosure of critical audit matters in auditors’ reports back in August 2013, the PCAOB faced an outcry. Now the regulator is making a second attempt, emphasizin...